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Long Term Capital tried...and failed miserably.

WDGann: No, I haven't lost a lot of money recently. In fact I've been net short and making. I am looking to go long in the near future for a short term trade. Just wondering if anyone knows the specifics when 401K money actually hits the markets. I would guess a week after the end of the...

It is widely known that people fund their pension at the beginning of the year (and quarters), resulting in an inflow to the markets. Many traders try to front run the funding. I am hoping that some of you can tell me approximately when the pension money actually hits the markets. Thanks in...

Currently I use Prophettrader as my broker, and am very happy with the platform and service. I am looking for a back up brokerage. Fortunately for me, I have been relatively successful trading. I typically trade between 2000 to 10,000 shares, and hopefully more in the future. Therefore, a...

Trader693, I assume you are a millionaire many times over.

thanks gordo

I was wondering about the bloomberg money flow myself. I think it would be helpful, but can't seem to find anything about it on the web. Any help would be appreciated.

I agree you have to consider all the charges, and not just the price they advertise. Most of the direct access brokers I considered charge ecn fees. The very few that don't, aren't very highly recommended. The $1/ticket for island the Prophettrader charges was in fact one of the selling...

I recently posed a similar question on a different thread. Got useful input from many people. After considering the options I decided to try prophettrader.com. So far so good. They have a new scaled commission option that is very competitive. I don't think that option was available when I first...

I agree that most daytraders have lost their money. The ones still trading, like those on this site are the survivors. Most are rational. And not permabulls. That should tell you something.

Did the bull market happen because of earnings? Earnings aren't really a factor for me. The market sentiment is almost 100% bearish, thats why the smart money, and I mean loads of it, are buying here. During the formation of the bubble, people didn't pay attention to earnings. That's the...

I think you should wait until the next down leg is over. What happens when consumers really cut their personal spending, and banks pull in lending. Price earnings ratios are still high by historical standards, and the projected growth rates are falling. And the charts look bad. This is not...

I would be careful not to listen to salesmen...I mean brokers. Unless he told you to get out(or short) near the top.

Glad to hear so many of you share my opinion on CNBC, Battapaglia, Cohen, Finnerty, etc. I would like to add Alan Greenspan to the list. He's one of the main reasons we are in this mess. Pumping in liquidity and talking up the markets with his new era bs. This idiot couldn't even see the...

Just curious how many of you traders are net short (versus net long or neutral) these days. I have been net short since before the markets started to go down in 4/2000. It was not a popular position back then, but I assume that it is more common now. The press likes to blame a lot of...

Thanks everyone for all the info and suggestions. Very helpful. I visited the Prophettrader site and downloaded their simulator. Seemed pretty good. I will probably open an account soon. Will post if I have any problems. Thanks again. Good luck in trading this market.

my sentiments exactly. shortsellers are often made scapegoats also.

I currently use cybertrader. I want to change primarily because of their commissions. They advertise $9.95, but you have to make 500 trades to get that. I noticed that many brokers are like that. Anyone use a broker that actually charges $9.95?